Car loans and credit card installment purchase a car from

# card second # found, along with the expansion of the credit card usage, more and more people want to shopping by credit card, so the credit card installment buying by consumers "favor", but the bank car loan and credit card installment purchase a car the traditional distinction in? Bank car loans and credit card installment purchase a car each what advantages and disadvantages? Summarized as follows:

Bank auto loan

Advantages: commercial bank car loan can include all of the sale of the vehicle, covers a wide range of.

Disadvantages: 1 commercial banks for a car loan, required data and review submission is very strict, and even can be said to be harsh; 2 commercial banks Judai, is in strict accordance with the national interest to perform, no preferential interest rates.

Credit card installment purchase a car

Advantages: 1 for the relatively low threshold, many credit card on the application of the audit is relatively simple; 2 minimum down payment as long as 20%, for the pressure is relatively small; 3 flexible repayment rate

Disadvantages: credit card installment purchase a car choice models have limited.

But the credit card installment buying a car or some worthy of our attention:

1 although the installment payment buy do not charge interest, but the fee, and the fee is not less than the bank interest rate;

2 only a few banks and car companies jointly launched the installment payment buy business, so consumer choice models with a narrow range;

3 credit card installment purchase loan period is short, the highest for 2 years, the lower income consumers, pressure;

The 4 installment payment buy business only for a bank credit card users, and is the basis for the audit according to personal credit records, not everyone can apply for a loan.

In fact, no matter which kind of car loan scheme, consumers need to combine their actual economic. Balance.